Core Viewpoint - Hecla Mining Company is a significant player in the mining industry, focusing on silver and gold production, with a strong presence in North America [1] Company Performance - CIBC maintains a Neutral rating for Hecla Mining, suggesting investors hold their positions, while raising its price target from $15 to $16.50, indicating a positive outlook for the company's future performance [2][6] - Hecla's stock is currently priced at $14.71, reflecting a 1.69% increase, with a market capitalization of approximately $9.86 billion [5] Recent Developments - Hecla's recent high-grade gold discovery at its Midas property is expected to significantly boost gold production capabilities, aligning with CIBC's increased price target [3][6] - The company has reported an expansion of mineralization at its Keno Hill and Greens Creek sites, indicating increased resource extraction potential and supporting growth prospects [4][6]

Doubleview Gold Corp. Achieves a Major Breakthrough in Scandium Recovery from Copper Porphyry TailingsNovember 25, 2025 12:36 PM EST | Source: Doubleview Gold Corp.Vancouver, British Columbia--(Newsfile Corp. - November 25, 2025) - Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: A1W038) (FSE: 1D4) ("Doubleview" or the "Company") is pleased to announce positive first-phase pre-optimization results from its two-year, novel scandium-focused metallurgical test program. These results confirm ...

Core Points - The US Export-Import Bank will invest $100 billion to secure supply chains for critical minerals, nuclear energy, and LNG as part of President Trump's plan [1][2] - The agency aims to reduce reliance on China and Russia for critical materials, with initial projects in Egypt, Pakistan, and Europe [2][4] - The bank has $100 billion available for deployment out of $135 billion authorized by Congress, with $8.7 billion in new transactions authorized in the past year [3] Investment Focus - The first deals include a $4 billion credit insurance guarantee for LNG from Egypt and a $1.25 billion loan for the Reko Diq mine in Pakistan [2] - Ex-Im Bank is experiencing high demand for support for US LNG exports from Europe, Africa, and Asia, with multibillion-dollar deals expected soon [4] - The bank's focus has shifted from renewable energy projects to supporting LNG exports and energy security [6] Strategic Importance - The new chair, John Jovanovic, emphasized that secure supply chains for critical raw materials are essential for achieving broader US objectives [2][4] - Ex-Im Bank's role in providing energy security through American LNG is highlighted, especially in regions that require it most [5]

Core Viewpoint - The article emphasizes the importance of protecting investments, particularly in the Mining and Real Estate sectors, while also highlighting the author's personal investment interests [1]. Group 1 - The author works on the buy-side in Fixed Income and has a special interest in the Mining and Real Estate sectors [1]. - The article serves as a reminder to investors to "Always Protect Your Nuts," indicating a focus on risk management in investment strategies [1]. Group 2 - The author has a beneficial long position in the shares of SCCO, indicating confidence in the company's performance [2]. - The article expresses the author's personal opinions and does not involve compensation from any company mentioned, ensuring an unbiased perspective [2].

Core Viewpoint - Freeport-McMoRan Inc. has reported a mixed performance in its recent financial results, with revenue growth overshadowed by market challenges and a tragic incident at its Grasberg mine [5][6]. Company Overview - Freeport-McMoRan Inc. is a major global mining company focused on extracting copper, gold, and molybdenum, operating extensive mining assets including seven open-pit copper mines and two molybdenum mines in North America, as well as significant international operations like the Grasberg mine in Indonesia [1]. - The company is headquartered in Phoenix, Arizona, and has a market capitalization of $58.57 billion, classifying it as a "large-cap" stock [2]. Stock Performance - Freeport's stock reached a 52-week high of $49.12 on July 8 but has since declined nearly 17%, with a 5.8% drop over the past three months, contrasting with a 6.2% gain in the Nasdaq Composite index during the same period [3]. - Over the past 52 weeks, Freeport's stock has dropped by 6.7%, while it has increased by 4.5% over the past six months, compared to the Nasdaq Composite's gains of 19% and 19.7% respectively [4]. Financial Results - For the third quarter of fiscal 2025, Freeport reported revenues of $6.97 billion, a 2.7% year-over-year increase, surpassing Wall Street's expectations of $6.54 billion [5]. - The company's earnings per share (EPS) for the quarter was $0.46, reflecting a 27.8% annual increase, while adjusted EPS rose 31.6% year-over-year to $0.50, exceeding the expected $0.41 [6]. Comparative Performance - In comparison to Southern Copper Corporation, which has seen a 27.1% increase over the past 52 weeks and a 37.3% gain over the past six months, Freeport is identified as a clear underperformer [7].

Core Insights - Hudbay Minerals (HBM) has demonstrated resilience by generating free cash flow for eight consecutive quarters, totaling over $400 million in the past year despite operational disruptions from wildfires, social unrest, and supply chain issues [1][11]. Financial Performance - The company attributes its strong performance to diversified copper-gold exposure, effective cost control, and disciplined capital allocation [2]. - Consolidated cash costs were reported at 42 cents per pound, with expectations for full-year cash costs to range between 15 to 35 cents per pound, potentially leading to near-zero or negative net copper cash costs at certain operations [2][3]. Operational Highlights - CFO Eugene Lei noted that byproduct strength and operational discipline helped mitigate lower sales volumes due to delayed concentrate shipments, providing a buffer against copper price volatility [3]. - Hudbay's dual exposure to copper and gold serves as a natural hedge, with gold production exceeding expectations, thereby softening the impact of copper-related disruptions [4]. Challenges and Risks - The company faces ongoing sustainability risks, including inflationary pressures and political volatility in Peru, which could affect operational stability and free cash flow [5][6]. - Management has reduced 2025 capital spending by $35 million, primarily due to timing shifts rather than structural savings, raising concerns about potential future capital expenditure increases related to the Copper World project [5]. Market Position and Valuation - Hudbay's shares have increased by 94% year-to-date, outperforming the industry average increase of 19.4% [13]. - The company trades at a forward price-to-earnings ratio of 13.26, below the industry average and its five-year median of 13.46, indicating potential value [14]. - The Zacks Consensus Estimate predicts a 56.3% rise in Hudbay's 2025 earnings compared to the previous year [15].

Accessibility StatementSkip Navigation NEW YORK, Nov. 25, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Freeport- McMoRan Inc. ("Freeport-McMoRan Inc." or the "Company") (NYSE: FCX) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Freeport-McMoRan Inc. investors who were adversely affected by alleged securities fraud between February 15, 2022 and September 24, 2025. Follow the link below to get more information and be contacted by a ...

Core Viewpoint - A class action lawsuit has been filed against Freeport-McMoRan Inc. and certain senior executives for securities fraud, following significant stock drops attributed to potential violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of Arizona, captioned Reed v. Freeport-McMoRan Inc., et al., No. 2:25-cv-04243 [3]. - Investors have until January 12, 2026, to request to be appointed to lead the case [3]. Group 2: Company Operations and Safety Claims - Freeport-McMoRan operates the Grasberg Copper and Gold Mine in Indonesia, where it has been accused of overstating its commitment to safety while conducting unsafe mining practices [4][5]. - The company had previously promoted its safety procedures, including the use of data and technology to prevent fatal incidents [4]. Group 3: Stock Price Impact - On September 9, 2025, Freeport's stock dropped by $2.77 per share (over 5.9%) following a press release about suspended mining operations due to a landslide [6]. - Following an update on September 24, 2025, indicating two fatalities and a projected 4% and 6% decrease in copper and gold sales, the stock fell by $7.69 per share (almost 17%) [7]. - On September 25, 2025, reports of strained relations with the Indonesian government led to an additional drop of $2.33 per share (over 6%) [8]. - An Indonesian news report on September 28, 2025, suggested the incident was preventable, further impacting investor confidence [9].

Core Viewpoint - Copper prices are expected to rise further in 2026 due to tightening supply, increasing market deficits, and mine disruptions, with UBS upgrading its yearly outlook significantly [1][3]. Price Forecasts - UBS raised its March 2026 copper target by $750 per metric ton to $11,500, and increased its June and September forecasts by $1,000 each to $12,000 and $12,500 respectively [2]. - A new December 2026 target of $13,000 per ton has also been introduced [3]. Supply and Demand Dynamics - UBS projects a 230,000-ton shortfall in copper supply for 2025 and a 407,000-ton deficit for 2026, significantly higher than previous estimates, as refined output growth is expected to slow to 1.2% and 2.2% for the two years [3]. - Global copper consumption is anticipated to grow by 2.8% in both 2025 and 2026, driven by sectors such as electric vehicles, renewable energy, grid upgrades, and data center construction [6]. Mine Disruptions - Multiple mine disruptions have been noted, including lower-than-expected recoveries in Chile and ongoing unrest in Peru, alongside operational issues at Freeport-McMoRan's Grasberg complex in Indonesia [4]. - Freeport-McMoRan is recovering from a September mudflow incident at the Grasberg Block Cave, which halted operations and resulted in a production target reduction from 700,000 tons to 478,000 tons for 2026 [5]. Strategic Importance and Government Policy - The strategic importance of copper is reshaping government policy, with the U.S. government prioritizing the securing of copper and other critical minerals as a matter of national security [8]. - The U.S. Export-Import Bank (EXIM) plans to invest $100 billion to reduce dependence on China and Russia, with significant funding already allocated to projects like Barrick's Reko Diq in Pakistan [9].

Core Viewpoint - BHP Group's last-minute proposal to acquire Anglo American Plc aimed to prevent Anglo from completing its $60 billion merger with Teck Resources, but the bid was quickly withdrawn, raising questions about BHP's strategy and confidence in its copper growth plans [21][22][40]. Group 1: BHP's Acquisition Attempt - BHP's bid was seen as a last-chance effort to negotiate a friendly deal for coveted copper mines, particularly Anglo's South American operations, which are highly regarded in the industry [5][39]. - The offer included a premium to Anglo's current share price, valuing shares at comfortably above £30 compared to a closing price of £27.36 [27][36]. - BHP's proposal was simpler than a previous bid that required Anglo to partially break itself up, which had been rejected as overly complex [28][39]. Group 2: Market Reactions and Implications - The rapid reversal of BHP's bid has left investors and analysts questioning the company's confidence in its standalone growth plans for copper, a metal increasingly critical for global governments [22][40]. - Some investors praised BHP for walking away from the deal rather than risking overpayment, highlighting the challenges of mergers and acquisitions in the current copper market environment [20][41]. - The ongoing conflict between BHP's dependence on iron ore and its relationship with China adds complexity to any potential stock deal, making the acquisition landscape challenging [37][41]. Group 3: Future Considerations - BHP has significant copper growth options, including new mines in Australia and Argentina, but these projects are costly and may not offset short-term production declines [34][39]. - The Anglo and Teck merger is set for a shareholder vote on December 9, which could complicate future acquisition attempts for BHP [25][39]. - Investors are left speculating about the terms of BHP's offer, as the company is now restricted from making another bid for six months under UK takeover rules [35][41].